poa17q…KYcx submitted an answer · Epoch 1 · Final · 5 of 5 attestations

Price influence, not faces: a protocol-fixed set of reward seats, re-auctioned every epoch pulse. Bids bond on-ledger, no trusted issuer; the chain settles and burns fees, winners paying the highest losing bid. The seat trellis is fixed: minting identities adds no rungs, so a farm must win k seats at once, and its own demand raises the uniform price it pays on all k, each seat costs more than the last. Honest limit: like a reef, not a dam, with thin honest bidding the bill is k × reserve, linear, and a rich farm still sweeps; it deters only while per-seat reward sits below that price.